Repower Energy Development Corp. (REDC) said on Wednesday that its net income rose 110 percent in the first nine months of the year to P226.1 million, up from P107.7 million in the same period a year ago.
REDC disclosed to the stock exchange that its board reviewed and approved the company’s financial performance for the nine-month and third-quarter periods of 2025.
REDC reported revenues of P526.7 million for the three quarters, a 33 percent increase from P396.6 million in the same period of 2024.
For the third quarter alone, REDC said its net income soared to P74 million, compared to P11 million in the same period in 2024. Revenues reached P167 million, up 43 percent year-on-year.
“The strong results stemmed from better weather conditions, adherence to standard operating procedures, leading in turn to higher operational efficiency in its existing hydropower plants and tighter overhead cost control,” the company said.
REDC said its board also approved the declaration of a cash dividend of P0.08 per share to all stockholders of record as of Dec. 11, 2025. Dividend payment will be made on Jan. 12, 2026.
The dividend will be paid out of unrestricted retained earnings and available cash as shown in the audited financial statements for the year ended Dec. 31, 2024.
“This reflects REDC’s stronger earnings capacity and its continuing commitment to provide regular shareholder returns,” the company said.
REDC is a subsidiary of Pure Energy Holdings Corp., an investment holding company that engages primarily in renewable energy generation and water system management and distribution.
REDC has eight hydropower plants with a total capacity of 17.3 megawatts (MW). These plants include the Tibag, Inarihan, Upper Labayat, Lower Labayat, Calibato, Majayjay, Palakpakin, and Balugbog mini hydro projects.
